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California on track to link CO2 scheme with Quebec in 2013

Washington, oct. 2 (Reuters point carbon) - California orbit to link the upcoming emissions trading plan, Quebec "in 2013, promote the state one step close to its connection to a more extensive carbon market target, the country's chief air regulator said Monday.
, the California air resources board (ARB) President Mary Nichols said, California governor jerry brown the rules of sign, this will make the country's CO2 market relation, after review by the attorney-general.
The governor must in 45 days to find other jurisdictions already taken to reduce greenhouse gas emissions program, it is the same or more strict than California's program and any connection failure will not for the country's big responsibility.
"We are ready to pack the governor signed linkage, this should happen in some time this year," said Nichols, carbon market conference in Washington.
She added, the linkage and joint auction and Quebec's market will be held next year.
The two jurisdictions, the western climate initiative two members - a regional cap and trade system, plans to launch in 2013 before the date of their market, but delayed links, waiting for the approval of the governor of California.
Quebec's greenhouse gas emission reduction target is 20%, below the level of 1990, to 2020, than the level of 1990, to 2020 American California's goal is ambitious.
In addition to Quebec will increase 20% of the overall market size, increase liquidity, and give California enterprise more opportunities, in order to reduce greenhouse gas emissions.
Nichols said at the meeting, California's carbon market, including 85% of the country's economy, will benefit from the link to other emerging "cap and trade" plan, make it cheaper launcher to comply with the emission limits.
"We have reached an agreement, this will be a bigger part of the system," she said.
But suggest ARB a panel of experts said recently, connection California and Quebec's attack on can be neglected, and suggest waiting until 2015, the official connecting two market.
", "California emission rights market evaluation committee on September 24 released a report said, put off until California and Quebec's market operation good, may is to reduce cost and improve the efficiency of linkage.
"This is not possible, the committee said:" at least until the second phase, in California plan is true in 2015.
At the same time, Australia's climate change minister mark dreyfus, said on Sunday, Australia and California will set up a BBS, in order to share their experiences, the climate policy, including how best to establish carbon trading market.
Further talks, and in a carbon trading market on October 24 meetings,, Nichols will travel to Australia.
She said, California is in talking about the potential contact and the northeast "cap and trade" plan, the so-called "the regional greenhouse gas initiative (RGGI) and more than half of the 12 Chinese provinces, plan implementation emissions trading system.
Nichols said, she is also hopeful of some WCI exit of emissions trading plan partner, may return to the market, November's election.
For example, a former democratic Congressman jay Inslee, after a long time of cap and trade advocates, is likely to re-examine the participation of Washington state, if he was elected governor in WCI November this year.
"I think they return to the possibility of a bit better (selected). If we successfully shows, this is a program, can achieve very good effect, I think the others will be interested in," she said.




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